In Short : Reliance Power’s board approved raising ₹9,000 crore through QIP, FPO, and NCDs to strengthen finances and support growth. The funds will address debt reduction, working capital needs, and potential expansion, including renewable energy projects. The move comes as the company seeks to capitalize on India’s rising power demand while improving its financial […]
Reliance Power to Build Bhutan’s Biggest Solar Plant in Rs 2,000 Crore JV – EQ
In Short : Reliance Power, in a 50:50 joint venture with Bhutan’s Druk Holding and Investments (DHI), will develop Bhutan’s largest solar power project—a 500 MW plant worth ₹2,000 crore. This Build-Own-Operate (BOO) model initiative is Bhutan’s biggest private sector solar investment, secured with a long-term power purchase agreement with Green Digital Private Limited, a […]
Reliance Power shares in focus after company swings to ₹126 crore profit in Q4 – EQ
In Short : Reliance Power reported a net profit of ₹126 crore in Q4 FY25, reversing a loss of ₹397.56 crore from the previous year, driven by reduced expenses. The company’s shares surged 12.5% on the BSE, reaching ₹43.50. For the full fiscal year, it posted a net profit of ₹2,947.83 crore, significantly improving its […]
Reliance Power back in the black: Reports Rs 42 cr net profit in Q3 – EQ
In Short : Reliance Power reported a net profit of ₹42 crore in Q3, marking a return to profitability after previous losses. The turnaround was driven by improved operational efficiency and cost management. Higher power demand and strategic initiatives contributed to revenue growth. The company remains focused on strengthening its financial position and expanding its […]
Reliance Power Inks Rs 132.39 Cr Deal With JSW Renewable Energy For Maharashtra Wind Project – EQ
Reliance Power completes transfer of wind project to JSW Energy, stocks dip – EQ
In Short : “Reliance Power finalizes the transfer of a wind project to JSW Energy, resulting in a dip in stocks as the market reacts to the transaction, reflecting investor sentiment towards the company’s strategic moves.” In Detail : At 10 am, Reliance Power was down, trading at Rs 26. JSW Energy also saw […]
Reliance Power’s 2 subsidiaries settle Rs 1,023-cr debt – EQ
In Short : Two subsidiaries of Reliance Power have resolved a debt amounting to Rs 1,023 crore, marking a significant step towards financial stability for the company. In Detail : New Delhi, Reliance Power on Wednesday said its two subsidiaries have settled debt worth Rs 1,023 crore with Authum Investment’s arm Reliance Commercial Finance. Reliance […]
Reliance Power offers Rs 1,200 crore to settle debt of VIPL power project – EQ Mag
The OTS offer made by Reliance Power was supported by global alternate investment firm Varde Partners, said the report Anil Ambani-promoted Reliance Power Ltd on Monday proposed a one-time settlement (OTS) to the lenders of Vidarbha Industries Power of Rs 1,200 crore to settle its debt, said a report on Monday. The OTS offer of […]
Reliance Power proposes settlement of Rs 1,200 crore to Vidarbha Inds lenders – EQ Mag
Anil Ambani-promoted Reliance Power has proposed a one-time settlement (OTS) of ₹1,200 crore to the lenders of Vidarbha Industries Power to settle its debt, said two sources aware of the development. Reliance Power’s OTS offer is supported by global alternative investment firm Varde Partners, one source said. In September 2022, Reliance Power entered into an […]
Reliance Power Q2 loss widens to Rs 340 crore – EQ Mag Pro
Its total income increased to Rs 1,945.14 crore from Rs 1,886.82 crore earlier Reliance Power on Thursday reported widening of its consolidated net loss to Rs 340.26 crore in the September quarter, mainly due to higher expenses. The consolidated net loss of the company stood at Rs 133.10 crore in the quarter ended September 30, […]
